“ Globalization ant it’s impact on modern world ”

Globalization
Introduction : Globalization is a process by which we
are making the world very little day by day. By using
modern technology now we can contact with a person who
stays other side of the world. Now a day we can know
anything of the world and can meet all of our needs staying
in home by a click of the mouse through internet. It is
globalization.

Industrial - emergence of worldwide production markets

and broader access to a range of foreign products for
consumers and companies. Particularly movement of
material and goods between and within national
boundaries.

Financial - emergence of worldwide financial markets

and better access to external financing for borrowers. By
the early part of the 21st century more than $1.5 trillion in
national currencies were traded daily to support the
expanded levels of trade and investment.

Economic - realization of a global common market,

based on the freedom of exchange of goods and capital.
The interconnectedness of these markets, however meant
that an economic collapse in any one given country could
not be contained.

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 Political - some use "globalization" to mean the creation
of a world government which regulates the relationships
among governments and guarantees the rights arising from
social and economic globalization.

Informational - increase in information flows between

geographically remote locations. Arguably this is a
technological change with the advent of fibre optic
communications, satellites, and increased availability of
telephone and Internet

Language - the most popular language is Mandarin (845

million speakers) followed by Spanish (329 million
speakers) and English (328 million speakers).

Competition - Survival in the new global business

market calls for improved productivity and increased
competition. Due to the market becoming worldwide,
companies in various industries have to upgrade their
products and use technology skillfully in order to face
increased competition.

Ecological - the advent of global environmental

challenges that might be solved with international
cooperation, such as climate change, cross-boundary water
and air pollution, over-fishing of the ocean, and the spread
of invasive species.

Cultural - growth of cross-cultural contacts; advent of

new categories of consciousness and identities which

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embodies cultural diffusion, the desire to increase one's
standard of living and enjoy foreign products and ideas,
adopt new technology and practices, and participate in a
"world culture". Some bemoan the resulting consumerism
and loss of languages. Also see Transformation of culture.

Social - development of the system of non-governmental

organizations as main agents of global public policy,
including humanitarian aid and developmental efforts.

Technical
• Development of a Global Information System, global
telecommunications infrastructure and greater trans
border data flow, using such technologies as the
Internet, communication satellites, submarine fiber
optic cable, and wireless telephones
• Increase in the number of standards applied globally;
e.g., copyright laws, patents and world trade
agreements.
Religious
• The spread and increased interrelations of various
religious groups, ideas, and practices and their ideas of
the meanings and values of particular spaces

Conclusion : Globalization describes an ongoing

process by which regional economies, societies, and
cultures have become integrated through a globe-spanning
network of communication and exchange.

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